4.6 • 3.2K Ratings
🗓️ 4 April 2025
⏱️ 7 minutes
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0:00.0 | This is Optimal Living Daily, show success before asking for help, and beware of advice, |
0:08.5 | both by Derek Sivers of Sivers, sivere, sivere, and I'm Justin Mollick, and welcome to Optimal Living |
0:15.6 | Daily or old, one of a few shows where we read articles to you. Today, two articles, both on the shorter side. |
0:23.3 | So with that, let's get right to them as we optimize your life. |
0:30.4 | Show success before asking for help by Derek Sivers of Sivers, SIVE.R-S. |
0:41.8 | I learned this huge life lesson from a secret document. |
0:47.6 | Music publishers give a cash advance to a songwriter in return for owning half the future income generated from their songs. The publisher is betting that those songs will earn at least as much |
0:53.9 | as that cash advance. I was working |
0:56.5 | at Warner Chapel Music Publishing when someone stepped away from her desk. I noticed she had |
1:01.6 | accidentally left out the private financial statement showing every songwriter we had signed |
1:06.7 | the amount of their cash advance and how much they had earned. I secretly made a copy for myself, |
1:12.6 | then put hers back. I noticed a huge difference between two songwriters. One was a great writer, |
1:19.6 | constantly delivering songs with great hit potential, super professional, and a great collaborator. |
1:25.8 | She got her deal because one of the managers heard her and believed in her, |
1:30.5 | but she hadn't had any success yet. Her advance? $15,000. The other writer was horrible. His songs were |
1:38.7 | really bad metal that would make the worst metal band cringe. They were poorly recorded and terribly performed. |
1:46.1 | But in the 80s, he had been in a band with a major rock star, so he had a partial songwriting |
1:51.2 | credit on a song on a record that sold over 12 million copies. His advance? $500,000. |
1:59.5 | The moral of this story? You have to make your own success first before you ask the |
2:05.0 | industry for help. Show that you're going to be successful without their help. Show that you |
2:10.4 | have momentum. If they want to accelerate or amplify your success, they'll have to pay to ride your |
2:16.4 | train. If you approach them before |
... |
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